Core Insights - Zacks Premium provides various tools for investors to enhance their stock market engagement and confidence [1][2] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, helping investors select stocks with high potential for market outperformance [3][4] Zacks Style Scores - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment characteristics [4][5][6][7] - Value Score emphasizes finding undervalued stocks using financial ratios [4] - Growth Score assesses a company's financial health and future growth potential [5] - Momentum Score identifies stocks with favorable price trends and earnings outlooks [6] - VGM Score combines all three styles to provide a comprehensive evaluation of stocks [7] Zacks Rank - The Zacks Rank is a proprietary model based on earnings estimate revisions, aiding investors in portfolio building [8] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [9] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment potential [10][11] Company Spotlight: ArcelorMittal - ArcelorMittal is the world's leading steel and mining company, operating in over 60 countries with a diverse portfolio [12] - Currently rated 3 (Hold) with a VGM Score of A, the company shows potential for momentum investors [12][13] - Recent earnings estimates for fiscal 2025 have been revised upward, with a Zacks Consensus Estimate of $3.82 per share and an average earnings surprise of 9.6% [13]

ARCELORMITTAL 6-K 1Q 2025 key highlights: Exhibit 99.1 Safety focus: Protecting employee health and well-being remains an overarching priority of the Company. LTIF rate of 0.63x in 1Q 2025. dss+ safety audit recommendations implementation phase is underway Delivering higher margins than in prior cycles: The Group's results are showing resilience; the benefits of asset optimization and a diversified asset portfolio are supporting higher and more stable margins than in prior cycles. Despite the impact of unsu ...

Core Insights - ArcelorMittal reported revenue of $14.8 billion for Q1 2025, a decrease of 9.1% year-over-year, but exceeded the Zacks Consensus Estimate by 1.08% [1] - The company's EPS was $1.04, down from $1.16 in the same quarter last year, but significantly surpassed the consensus estimate of $0.71 by 46.48% [1] Financial Performance Metrics - Steel shipments in North America were 2,643 Kmt, exceeding the average estimate of 2,560.44 Kmt [4] - Steel shipments in Brazil totaled 3,158 Kmt, slightly below the average estimate of 3,334.44 Kmt [4] - Steel shipments in Europe reached 7,528 Kmt, surpassing the average estimate of 7,355.4 Kmt [4] - Iron ore shipments were 8 Mmt, exceeding the average estimate of 7.75 Mmt [4] - Crude steel production in North America was 2,255 Kmt, above the average estimate of 2,200.9 Kmt [4] - Crude steel production in Brazil was 3,579 Kmt, below the average estimate of 3,661.61 Kmt [4] - Crude steel production in Europe was 7,987 Kmt, exceeding the average estimate of 7,836.73 Kmt [4] Revenue Breakdown - North America revenue was $2.88 billion, exceeding the average estimate of $2.71 billion, with a year-over-year decline of 14% [4] - Brazil revenue was $2.65 billion, below the average estimate of $2.78 billion, representing a year-over-year decrease of 13.2% [4] - Mining revenue was $735 million, slightly below the average estimate of $774.02 million, but showed a year-over-year increase of 0.8% [4] - Sustainable Solutions segment revenue was $2.58 billion, exceeding the average estimate of $2.22 billion [4] - Europe revenue was $7.22 billion, above the average estimate of $7.10 billion, with a year-over-year decline of 8% [4] Stock Performance - ArcelorMittal shares returned +4.1% over the past month, while the Zacks S&P 500 composite decreased by -0.2% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]

Core Viewpoint - ArcelorMittal SA warns that the ongoing global trade tensions, particularly due to aggressive U.S. tariffs and European support for local steel companies, may significantly impact steel demand and the overall supply chain costs and profits in the steel industry [1][2]. Group 1: Company Performance - ArcelorMittal reported that the global trade turmoil could lead to lower steel demand than previously anticipated, which was initially projected to grow by 2.5% to 3.5% outside of China [1][2]. - The company's first-quarter EBITDA reached $1.58 billion, slightly exceeding analysts' expectations of approximately $1.56 billion, driven by strong performance in iron ore mining [3]. Group 2: Market Conditions - The U.S. government expanded a 25% steel import tariff to all countries, including major suppliers Canada and Mexico, while Europe has also intensified trade protection measures to counteract cheap steel imports from Asia [2]. - The CEO of ArcelorMittal expressed caution regarding the short-term outlook, indicating that unresolved global trade uncertainties could harm business confidence and disrupt the global economy [2]. Group 3: Industry Outlook - The long-term effects of the escalating trade war on the steel industry remain unclear, but short-term indications suggest a potential cooling of global steel demand [2]. - The U.S. effective tariff rate is currently close to 23%, the highest in over a century, which has significantly impacted consumer and business confidence in the U.S. [4].

Core Insights - ArcelorMittal reported a net income of $805 million for Q1 2025, a significant recovery from a net loss of $390 million in Q4 2024, driven by higher operating income and foreign exchange gains [22][20][21] - The company achieved an EBITDA of $1.58 billion in Q1 2025, reflecting a decline of 4.5% from $1.65 billion in Q4 2024, primarily due to seasonal factors and negative price-cost effects in Europe [21][11] - The company’s sales remained stable at $14.8 billion in Q1 2025 compared to $14.7 billion in Q4 2024, with operating income increasing by 55.9% to $825 million [20][52] Financial Performance - The company generated $4.6 billion in net cash from operating activities over the past 12 months, with $2.7 billion allocated to maintenance and normative capex, resulting in an investable cash flow of $1.9 billion [2] - Free cash outflow for Q1 2025 was $1.4 billion, leading to an increase in net debt to $6.7 billion, while liquidity stood at $10.8 billion [2][24] - The company’s EBITDA per tonne was $116 in Q1 2025, which is favorable compared to the low points of previous cycles [2][11] Operational Highlights - Record production and shipments from Liberia's iron ore operations contributed to strong performance in the Mining segment, with total iron ore production of 11.8 million tonnes in Q1 2025 [7][44] - The company’s North American operations returned to normalized levels, with crude steel production of 2.26 million tonnes in Q1 2025 [25][26] - The company is on track with strategic growth projects, expecting an incremental EBITDA potential of $1.8 billion by 2027 [3][11] Strategic Focus - ArcelorMittal's optimized asset portfolio and repositioned balance sheet enhance its ability to navigate macroeconomic uncertainties while pursuing strategic growth [3] - The company is investing in decarbonization initiatives, with a capex envelope of $4.5-$5.0 billion planned for 2025, including $0.3-$0.4 billion for decarbonization projects [19][49] - The company has initiated a new long-term share buyback program, with the first tranche of 10 million shares commencing on April 7, 2025 [10][49] Market Outlook - The macroeconomic outlook remains uncertain, particularly regarding global trade disruptions, but the company has not altered its investment plans or capital return priorities [48][49] - The European Commission's Steel and Metals Action Plan is expected to support the company’s competitiveness against imports, while U.S. tariffs are aiding price stability [12][48] - Demand for low-carbon emission steel is anticipated to grow, supported by enhanced safeguards and anti-dumping measures [4][19]

Highlights FL-001: 69.5% Fe at 81% recovery from 59.7% 6mm fraction sample (1500,2500,7500 Guass) FL-002: 66.9% Fe at 73% recovery from 59.7% 6mm fraction sample (1500, 2500,7500 Guass) FL-003: 68.7% Fe at 78% recovery from 64.9% 2mm fraction sample (1500,2500,7500 Guass) FL-004: 61.8% Fe at 76% recovery from 57.5% 12mm fraction sample (2500,7500 Guass) FL-005: 60.2% Fe at 78% recovery from 46.2% 6mm faction sample (1500,2500,7500 Guass) FL-006: 59.3% Fe at 67% recovery from 47.8% 2mm fraction sample (1500, ...

17 April 2025, 19:00 CET ArcelorMittal today announces the publication of its first quarter 2025 sell-side analyst consensus figures. The consensus figures are based on analysts' estimates recorded on an external web-based tool provided and managed by an independent company, Visible Alpha. To arrive at the consensus figures below, Visible Alpha has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis. This is currently a group of appr ...

Core Insights - ArcelorMittal published its 2024 Sustainability Report, highlighting progress in key sustainability areas such as safety, decarbonisation, and community engagement [2][4] Group 1: Sustainability Progress - The report details advancements in safety, with the implementation of dss+ safety recommendations initiated in November 2024, marking the beginning of a three-year transformation program [3] - The company has achieved a nearly 50% reduction in absolute emissions from its 2024 operating perimeter compared to 2018, supported by a $1 billion investment in decarbonisation projects [4][11] - The share of steel produced via electric arc furnace (EAF) has increased to 25% in 2024, up from 19% in 2018 [4] Group 2: ResponsibleSteel™ Certification - ArcelorMittal certified an additional nine sites in 2024, bringing the total to 42 certified facilities under the ResponsibleSteel™ initiative, which encompasses 12 environmental, social, and governance principles [3][4] Group 3: Economic Decarbonisation Challenges - The company acknowledges that achieving further decarbonisation through methods like carbon capture and green hydrogen DRI-EAF is likely to be economically viable only post-2030, contingent on supportive policies [5] Group 4: Financial Performance - In 2024, ArcelorMittal generated revenues of $62.4 billion and produced 57.9 million metric tonnes of crude steel [7]

Core Viewpoint - ArcelorMittal has initiated a new share buyback program following the completion of a previous program, with the first tranche involving up to 10 million shares, reflecting the company's commitment to returning capital to shareholders and managing its share capital effectively [1][6]. Group 1: Share Buyback Program - The new share buyback program will be conducted in tranches and may continue until May 2030, with the first tranche commencing immediately [1]. - The first tranche allows for the repurchase of up to 10 million shares, authorized by the annual general meeting of shareholders held on 30 April 2024 [1]. - The actual number of shares repurchased will depend on post-dividend free cash flow, shareholder authorization, and market conditions [1]. Group 2: Company Overview - ArcelorMittal is a leading integrated steel and mining company operating in 60 countries, with primary steelmaking operations in 15 countries [3]. - In 2024, the company generated revenues of $62.4 billion, producing 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore [3]. - The company serves a diverse customer base across various industries, including automotive, engineering, construction, and machinery [3]. Group 3: Corporate Purpose - The company's purpose is to produce innovative steels that are energy-efficient, low in carbon emissions, and cost-effective, supporting the transition to renewable energy infrastructure [4].

Summary of the Conference Call on Metals and Mining Industry Industry Overview - The conference call focused on the outlook for the China commodity demand and its impacts on global supply/demand dynamics across various sectors including steel, iron ore, copper, aluminium, and energy markets [2][4]. Key Conclusions 1. **Iron Ore Market**: - Anticipation of a market surplus in H2 2025, with year-end price expectations ranging from $80-90 per ton [4][27]. - Steel mills are currently running at full capacity due to improved margins, with gross margins reported at RMB100-200 per ton [4][15]. - No steel mills reported receiving official notices for production cuts, and any potential cuts are expected to be modest and likely implemented in H2/Q4 [21][26]. 2. **Steel Demand**: - Total Chinese steel demand is expected to decline by 1% to 5% in 2025, primarily due to a negative outlook for the long steel-consuming construction sector [8][10]. - Flat steel demand remains strong, supported by sectors such as white goods, automotive, and shipbuilding [9][10]. - Concerns exist regarding the sustainability of flat steel demand due to potential tariffs and shifts in material usage in renewable energy projects [10][11]. 3. **Aluminium and Alumina**: - Sentiment on aluminium prices is bullish, driven by tight supply rather than demand, with expected prices between RMB19,000-23,000 per ton [41]. - Domestic alumina refining capacity is rapidly increasing, with a forecast of 20 million tons added this year, but demand growth is limited by the cap on aluminium smelting capacity [42][43]. - The alumina price is nearing the bottom at RMB2,800-3,000 per ton, with curtailments expected as the market turns oversupplied [41][43]. 4. **Copper Market**: - Long-term bullish sentiment for copper prices, but near-term outlook is muted due to uncertainties around US tariffs and global economic growth [58]. - Chinese copper consumption is expected to grow by approximately 3% in 2025, driven by sectors like white goods and state grid upgrades [59]. - The copper concentrate market is anticipated to remain tight, with low port inventories and competition for new copper mines abroad [60]. 5. **Coal Market**: - Both thermal and metallurgical coal markets are oversupplied, with expectations of further price declines in the domestic market [6]. Additional Insights - **Production Cuts**: Any production cuts in the steel sector are expected to be implemented through emissions policies, targeting high-emission plants [22][25]. - **Export Dynamics**: Chinese steel exports reached 111 million tons in 2024, with expectations of a decline to 90 million tons in 2025 due to tariffs [26]. - **Iron Ore Supply**: The industry association noted that domestic iron ore production could see a 30 million ton increase this year, although some mills forecast a decline [28]. - **Bauxite Supply**: Chinese bauxite imports are projected to increase to 175 million tons by 2025, but supply may not keep pace with alumina capacity additions [48]. This summary encapsulates the key points discussed during the conference call, providing insights into the current state and future outlook of the metals and mining industry, particularly in China.